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An announcement from Hargreaves Services ( (GB:HSP) ) is now available.
Hargreaves Services has secured an enabling earthworks subcontract worth about £10m from Balfour Beatty on the Lower Thames Crossing project, with work on the Roads North of the Thames set to ramp up in the 2027 financial year and further talks under way on a larger enterprise agreement. The mandate marks a step up in the company’s role on this key UK infrastructure scheme and will see the first UK deployment of battery electric heavy earthmoving equipment, advancing Hargreaves’ target of carbon-free earthworks by 2040.
The Group has also won a contract at Drax Power Station to construct a beneficiation plant for Power Minerals Limited, designed to process up to 400,000 tonnes of legacy ash into supplementary cementitious material for low-carbon cement and concrete production. On the back of these wins and improved revenue visibility, Hargreaves has raised its revenue and pre-tax profit guidance for the year to 31 May 2027 by 4% and brought forward the payment date of its interim dividend for the 2026 financial year, while confirming that its Services division, Hargreaves Land and HRMS joint venture are trading in line with expectations.
The most recent analyst rating on (GB:HSP) stock is a Buy with a £789.00 price target. To see the full list of analyst forecasts on Hargreaves Services stock, see the GB:HSP Stock Forecast page.
Spark’s Take on GB:HSP Stock
According to Spark, TipRanks’ AI Analyst, GB:HSP is a Outperform.
The score is driven primarily by solid financial performance (strong growth and cash generation with low leverage) and supportive technical strength (price above major moving averages with positive MACD). Valuation is a notable positive given the low P/E and high dividend yield, while the earnings call adds support via clear capital returns and momentum but is tempered by execution and timing risks in land/renewables and the zinc project.
To see Spark’s full report on GB:HSP stock, click here.
More about Hargreaves Services
Hargreaves Services plc is a diversified UK-based group operating across the environmental, infrastructure and property sectors, with activities in the UK and South East Asia. Through its Services division, Hargreaves provides materials handling, mechanical and electrical contracting, logistics and major earthworks to industries such as connectivity, clean energy and environmental infrastructure.
Hargreaves Land focuses on the sustainable redevelopment of brownfield sites for residential and commercial use, while its German joint venture, Hargreaves Raw Materials Services GmbH, trades in specialist commodity markets and owns DK Recycling und Roheisen, a recycler of steel waste. The Group is headquartered in County Durham with operational centres across the UK, Hong Kong, South Africa and a joint venture presence in Duisburg, Germany.
Average Trading Volume: 46,178
Technical Sentiment Signal: Strong Buy
Current Market Cap: £247.9M
See more insights into HSP stock on TipRanks’ Stock Analysis page.